French chip manufacturer Sequans Communications announced a $200 million stock sale program to replenish its Bitcoin reserve. The company already holds 3,171 BTC ($349 million) and aims to accumulate 100,000 BTC by 2030. The management wants to make cryptocurrency a key element of its treasury management strategy.

The proceeds are planned to be almost entirely directed towards the purchase of Bitcoin, which will increase the current supply to approximately 5,000 BTC.

Sequans is among the European leaders in corporate Bitcoin investors. The company views BTC as a hedge against inflation and a long-term asset.

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